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  • September 2, 2014
  • Last updated: 11:40am
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  1. Business - Banking & Finance - DISPOSALS

    US$1.7tr in assets up for grabs in Europe banking shake-down

    Posted Sep 01st 2014, 04:21am by Bloomberg

    ... Bloomberg in Frankfurt Top European banks under pressure to sell unwanted holdings and produce good profits US$1.7tr assets up for grabs in industry shake-down Europe's largest banks ... loans and spoiled investments into units to be sold or wound down. Such assets jumped 65 per cent this year, to more than US$1.72 trillion. "The list of deals coming in across the asset ...

  2. Business - Companies - EARNINGS

    Qantas posts net loss of A$2.8b as it writes down its ageing fleet

    Posted Aug 29th 2014, 01:14am by AFP

    ... profit in the previous year, one-off restructuring and redundancy costs hurt the bottom line this year. But the biggest hit came from a A$2.6 billion non-cash write-down of the value of its ... preferred measure of financial performance, which excludes one-off costs and write-downs- was A$646 million. Analysts had been expecting a net loss of up to A$1 billion as the carrier battles high ...

  3. Business - Companies - PROPERTY

    Chinese Estates profit down 42.5pc

    Posted Aug 28th 2014, 03:47pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Chinese Estates Holdings posted a 42.5 per cent fall in first-half core profit to HK$1 billion due to a sharp decline in property sales. Net profit, including property revaluation gains, dropped 45.19 per cent to HK$2.45 bil ...

  4. Business - Companies - AVIATION

    Hainan Airlines profit down 25.35pc

    Posted Aug 28th 2014, 11:03am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Hainan Air earnings dive on yuan fall Hainan Airlines, the mainland's largest privately held carrier, posted a 25.35 per cent drop in first-half net profit to 482.8 million yuan (HK$608.9 million) as an unprecedented ...

  5. Business - Commodities - EARNINGS

    Jiangxi Copper first-half profit down 3.6pc on lower metals prices

    Posted Aug 28th 2014, 10:39am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Jiangxi Copper, China’s largest smelter of the industrial metal, fell 0.28 per cent to HK$14.26 on Thursday morning after it posted a 3.6 per cent drop in first-half net profit on Wednesday night on the back of lower c ...

  6. Business - Commodities - COMMENT

    Chinese puzzle: steel output up but coal supply down

    Posted Aug 27th 2014, 01:28am by Reuters

    ... 2.7 per cent from a year earlier, according to data from the National Bureau of Statistics. However, imports of metallurgical, or coking, coal used to make steel were down 12.6 per cent ... output. Total coal production in China in the first seven months of the year was 2.163 billion tonnes, a decline of 1.45 per cent from the same period last year, with last month's output down ...

  7. Business - China Business - EARNINGS

    Golden Eagle profit down 23.2pc

    Posted Aug 27th 2014, 01:27am by TIFFANY AP

    ... then we will roll it out." Same-store sales growth declined 6.7 per cent, Golden Eagle said on Monday night. Turnover was 7.94 billion yuan, down 7.9 per cent from a year earlier. ...

  8. Business - Companies - RETAIL

    Golden Eagle profit down 23.2pc

    Posted Aug 26th 2014, 10:48am by TIFFANY AP

    ... growth declined by 6.7 per cent, it said on Monday night. Turnover was 7.94 billion yuan, down 7.9 per cent from the same period last year. The company, founded by billionaire Roger Wang, ... an aquarium in a department store, the first on the mainland. At 10.25am on Tuesday, shares of Golden Eagle were trading at HK$9.96, down 2.7 per cent, while the Hang Seng Index had dropped 0.1 per ...

  9. Property - Hong Kong & China - EARNINGS

    Greentown profit down 67pc

    Posted Aug 25th 2014, 10:23am by Langi Chiang

    ... the company issued a profit warning early this month. Its share price opened down 1.6 per cent to HK$7.80 on Monday morning. The company’s chairman, Song Weiping, his wife, and executive vice-chairman ...

  10. Business - Economy - INVESTMENT

    Direct investment down 17pc as China's factories lose allure

    Posted Aug 18th 2014, 12:01pm by JEANNY YU AND DON WEINLAND

    ... European Union fell by 17.5 per cent while that from members of the Association of Southeast Asian Nations was down 12.7 per cent. The mainland's top 10 sources of foreign investment last ... said. In contrast with past years, markets yesterday were not significantly affected by the drop in FDI in July. Hong Kong's H-share index closed down 0.4 per cent. The Shanghai Composite ...




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